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Sindh Engro Coal Mining Company's (SECMC) 660 MW local coal-fired project being established in Thar is in doubt with Chinese banks unwilling to extend a loan for the power plant on a Pakistani sovereign guarantee. SECMC, however, believes that the flagship project will be out of the troubled waters with the help of government.

A ceremony was held at the PM's House on Friday in connection with the World Polio Day. On the occasion, Prime Minister Nawaz Sharif met polio-affected children and their parents. He also administered polio vaccine drops to children. Talking to them, the PM expressed the commitment of his government towards eradicating polio for which all resources were being made available.
The Supreme Court on Friday decided to take up the identical petitions challenging the general elections 2013. A three-member bench of the apex court headed by Chief Justice of Pakistan Nasirul Mulk will take up on October 29 identical petitions filed by former Justice Mahmood Akhtar Shahid Siddiqui and former federal minister Mian Zahid Sarfaraz. The petitioners had urged the court to declare general election of May 2013 null and void.
Canadian Prime Minister Stephen Harper was shoved into a closet when a gunmen stormed parliament, local newspapers said Friday. According to MPs cited anonymously by the daily Globe & Mail and others, Harper spent as much as 15 minutes in the tiny space off a meeting room where he and his Conservative caucus were meeting. Just outside the room, a firefight was erupting in the main Hall of Honor between the gunman and security forces that ended in the assailant's death.
David Cameron furiously rejected a demand from Brussels for more than two billion euros in backdated charges at a summit Friday, setting up a new showdown over Britain's place in the EU. The prime minister hijacked a meeting that was meant to be focused on Europe's stalling economy, saying the "unacceptable" bill was a surprise and that Britain was being punished for running a successful economy.
The rupee failed to come out of the woods after surrendering its overnight gains against the dollar on the money market on Friday, dealers said. The rupee slid in terms of the dollar, losing 30-paisa for buying and selling at Rs 103.25 and Rs 103.30 respectively, they said.
Habib Bank Limited (HBL) announced 9M2014 consolidated profits of Rs 21.8 billion (EPS Rs 14.85) compared to Rs 16.6 billion (EPS of Rs 11.30) in 9M2013; up 31 percent. According to Topline Securities the bank also announced interim cash dividend of Rs 2.25 per share in addition to Rs 4.25 per share already announced for current financial year.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln